{
}
Coins.ph's Philippine Peso-backed stablecoin, PHPC, has successfully exited the BSP Regulatory Sandbox as of June 10, 2025, allowing for expanded operations in remittances and cross-border transactions. The stablecoin, fully backed by cash reserves, aims to reduce remittance costs and enhance financial inclusion in the Philippines, a major recipient of overseas remittances. This development aligns with regional trends in digital currency regulation, reflecting the Philippines' strategic focus on leveraging blockchain technology for economic needs.
[Source]
UBS has upgraded PLDT Inc's share rating from Neutral to Buy, maintaining a price target of PHP 1,500.00. Analyst John Te highlighted positive operational developments, including market share gains in mobile and increased postpaid broadband subscriptions, despite moderate sector spending. PLDT's strong gross profit margin of 72.4%, attractive P/E ratio of 8.5x, and a consistent dividend yield of 5.3% make it appealing to investors, particularly in a challenging economic environment.
UBS has upgraded PLDT Inc. from Neutral to Buy, maintaining a price target of PHP1,500. The analyst noted positive operational developments, including gains in mobile market share and increased postpaid broadband subscriptions, despite subdued sector spending. PLDT's attractive 5.3% dividend yield and strong gross profit margin of 72.4% make it appealing to investors, particularly in a low-return environment.
JPMorgan Chase & Co. has upgraded Philippine equities to overweight from neutral, citing the country as a "relative winner" amid global economic turmoil caused by US tariffs. The Philippines, characterized by its domestic-focused economy, is expected to better shield corporate earnings during potential global slowdowns, according to strategists Khoi Vu and Jeanette Yutan.
The Indonesian rupiah opened at a record low of 16,898 per US dollar on April 7, falling 1.47%. It led declines among Asian currencies, with the Taiwan dollar, Malaysian ringgit, and Philippine peso also weakening. In contrast, the Japanese yen gained 0.49% against the dollar.
UBS analyst John Te has downgraded Robinsons Retail Holdings from Neutral to Sell, lowering the price target to PHP35 from PHP39.50 due to rising competition from hard discounters DALI and O!Save, expected to increase their market share from 2% to 7% by 2028.Te anticipates a 4% revenue growth for Robinsons Retail but predicts a 120 basis point compression in operating profit margin, contrasting with the consensus expectation of a 90 basis point expansion. The company's focus on profitability over aggressive market share growth reflects a cautious strategy in a competitive retail environment.
AC Ventures has sold a 6.5% stake in GCash to Mitsubishi for $321.5 million. This significant transaction highlights the growing interest in digital financial services in the region. The deal underscores the strategic partnerships forming in the fintech landscape.
Ayala Corp. has sold 6.5% of GCash to Mitsubishi Corp. for approximately $321.5 million, equating to 18.4 billion pesos. Following this transaction, both Ayala and Mitsubishi will hold equal stakes of 50% in AC Ventures, which manages GCash through Mynt. Mitsubishi will also acquire 18 million shares of AC Ventures.
PayMongo has teamed up with fintech firm Mochi to enhance payment and billing processes for businesses in the Philippines. This partnership integrates Mochi’s billing automation with PayMongo’s payment platform, streamlining financial operations and improving cash flow management as digital payments are projected to surpass US$107 billion by 2025. The collaboration addresses the growing demand for efficient and secure financial tools in the evolving digital economy.
Filipino Peso
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Philippines stablecoin PHPC exits trial phase to enhance remittances and transactions
09:18 10.06.2025
GCash approves stock split as it prepares for potential IPO
06:03 03.06.2025
UBS Upgrades PLDT to Buy with PHP 1500 Target Amid Positive Developments
12:09 24.05.2025
UBS Upgrades PLDT to Buy with PHP1500 Price Target Amid Positive Developments
12:08 24.05.2025
jpmorgan upgrades philippine stocks to overweight amid global economic concerns
04:00 24.04.2025
indonesian rupiah hits record low against us dollar as regional currencies decline
Malaysian Ringgit
Indonesian Rupiah
Filipino Peso
United States Dollar
New Taiwan Dollar
Apple Inc.
HKG
TWN
SGP
THA
KOR
JPN
IDN
PHL
MYS
Show more
04:53 07.04.2025
ubs downgrades robinsons retail to sell amid rising competition in market
17:43 02.04.2025
ac ventures sells stake in gcash to mitsubishi for 3215 million dollars
11:19 02.04.2025
Mitsubishi acquires 6.5 percent stake in GCash for 321.5 million dollars
10:38 02.04.2025
PayMongo and Mochi partner to enhance billing and payment processes in Philippines
05:35 27.03.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People:
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.